HomeMy WebLinkAboutA022 - Email from Public Works Director dated April 13, 2016 - LOC still valid Subject Re: Letter of Credit(LOC)for Wessex Subdivision-Oakwood Road Improvements
From: John C Joiner
To: Diane R Voss, Eric Cowles
Date: 04/13/2016 02:49 PM
Hi!
Yes, please keep it. Thanks for checking!
P m es.
John C. Joiner, P.E.
Director of Public Works
515.239.5165 desk 1515.239.5404 fax
Ga Iloiner@city.ames.ia.us I City Hall, 515 Clark Avenue Ames, IA 50010
www.CitVofAmes.org I — Caring People — Quality Programs — Exceptional Service ^'
-----Diane R Voss/COA wrote: -----
To: John C Joiner/COA@a COA
From: Diane R Voss/COA
Date: 04/13/2016 02:33PM
Subject: Letter of Credit (LOC) for Wessex Subdivision - Oakwood Road Improvements
Hi John:
I have an outstanding LOC filed by Wessex, L.L.C., for$60,000 from April 15, 2008. (It is auto-renewing.)
The LOC serves as financial security for the future street improvements to Oakwood Road (widening)
outlined in the Development Agreement for Wessex Subdivision.
Can you tell me if this LOC is still necessary. Thanks!
Diane Voss, City Clerk/Records Manager
P. O. Box 811
Ames, Iowa 50010
(515) 239-5105
I